Concise News reports that Fabian Benjamin, JAMB’s head of media and information, discloses this in the board’s weekly bulletin, tagged “JAMBULLETIN”.
Benjamin later explained that out of the N5 billion returned to the federal government, N2 billion was returned to the board for its operation.
“Technically, the board returned N5 billion to the federal government but out of that amount, the board was handed N2 billion to further enhance its operation,” he says.
In 2018, in running the board as the registrar, Prof Is-haq Oloyede remitted N7.8 billion to the treasury, as against the N50 million remitted by his predecessor from 2010-2016.
Following the huge amount recorded from the last UTME, the federal government ordered a reduction in examination fees for the 2019 edition from N5000 to N3,500.